Catholic Charities Diocese Of Norwich Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,649,313 | 2,049,809 | −400,496 | -2.0 | 45% |
| 2021 | 1,095,672 | 1,243,060 | −147,388 | -2.9 | 35% |
| 2022 | 1,110,259 | 1,118,746 | −8,487 | -5.4 | 36% |
| 2023 | 1,103,406 | 1,061,947 | 41,459 | -5.5 | 38% |
In its most recent public year (2023), this organization brought in $41,459 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.5 months), down from -2 in 2020. Staff pay was 38% of spending. $1,337,298 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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